In the underwriting auctions conducted on September 28, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:(₹ crore) Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate (paise per ₹100) 6.99% GS 20268,0004,0113,9898,0000.63

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 7,000 October 04, 2023 (Wednesday) October 05, 2023 (Thursday)2 182 Days 8,000 3 364 Days 9,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-ccompetitive scheme through Retail Direct portal (https://rbiretaildirect.org.in).

Auction Results6.99% GS 20267.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹8000 Crore₹7000 Crore₹12000 Crore₹12000 Crore II.Underwriting Notified Amount₹8000 Crore₹7000 Crore₹12000 Crore₹12000 Crore III.Competitive Bids Received
(i) Number82103180163 (ii) Amount₹14727.548 Crore₹14952 Crore₹26238 Crore₹23041 Crore IV.Cut-off price / Yield99.3399.5498.5397.35 (YTM: 7.2802%)(YTM: 7.2584%)(YTM: 7.3494%)(YTM: 7.4578%) V.Competitive Bids Accepted (i) Number333696137
 

6.99% GS 20267.17% GS 20307.18% GS 20377.25% GS 2063 I.Notified Amount₹8,000 crore₹7,000 crore ₹12,000 crore₹12,000 crore II.Cut off Price / Implicit Yield at cut-off 99.33/7.2802%99.54/7.2584%98.53/7.3494%97.35/7.4578% III.Amount accepted in the auction₹8,000 crore₹7,000 crore₹12,000 crore₹12,000 crore IV.Devolvement on Primary DealersNILNILNILNIL Shweta Sharma Deputy General Manager Press Release: 2023-2024/1012

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter October – December 2023, is expected to be ₹2,37,263 Crore.The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts 

Auction Results91 Days 182 Days364 Days I.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number176172160 (ii) Amount₹27820.173 Crore₹23042.850 Crore₹22874.950 Crore III.Cut-off price/Yield98.317396.591193.4010

I.T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3173 (YTM: 6.8648%)96.5911 (YTM: 7.0778%)93.4010(YTM: 7.0846%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹22,500 Crore (Face Value).Sr. No.StateAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction1Andhra Pradesh1000-11Yield

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 29, 2023.As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:(₹ crore)SecurityNotified AmountMinimum Underwriting Commitment (MUC) amount per PDMinimum bidding commitment per PD under ACU auction

In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India,

The result of the auction of State Government Securities held on September 26, 2023 is as under: (Amount in ₹ Crore) BIHAR 2031CHHATTISGARH 2030GOA 2033GUJARAT 2031 Notified Amount200010001501500 Tenure87108 Competitive Bids Received

It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2023-24 (October 2023 to March 2024) will be ₹50,000 crore.The Reserve Bank of India may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.

After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending December 2023 as under: Notified Amount for Auction of Treasury Bills

Sr. No State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Bihar 200020007.528 2 Chhattisgarh 100010007.497 3 Goa1501507.4910 4 Gujarat150015007.458 5 Haryana5005007.4710

Government of India (GOI) has announced the sale (re-issue) of four dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No   Security   Date of Repayment   Notified Amount (₹ crore)   GoI specific Notification   Auction Date   Settlement Date 1   6.99% GS 2026   Apr 17, 2026   8,000   F.No.4(3)-B(W&M)/2023 dated September 25, 2023   September 29, 2023

In the underwriting auctions conducted on September 22, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)

Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)

7.06% GS 20288,0004,0113,9898,0000.15

7.18% GS 203314,0007,0146,98614,0000.15

7.30% GS 205311,0005,5025,49811,0000.17

Auction for the sale of securities will be held on September 22, 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/968

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,000 Crore (Face Value). Sr. No.StateAmount to be raised (₹ Cr)Additional Borrowing (Greenshoe) Option (₹ Cr)Tenure (Year)Type of Auction 1Bihar2000-8Yield 2Chhattisgarh1000-7Yield

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:Sr. No. Treasury Bill  Notified Amount (in ₹ Crore) Auction Date  Settlement Date 1  91 Days  10,000 September 27, 2023 (Wednesday) September 29, 2023 (Friday) 2 182 Days 8,000 3 364 Days 6,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification

Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053  I. Notified Amount ₹8000 Crore ₹14000 Crore ₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number110205169

7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount ₹8,000 crore ₹14,000 crore ₹11,000 crore II.Cut off Price / Implicit Yield at cut -  off  99.54/7.1792%100.31/7.1342%99.55/7.3360% III. Amount accepted in the auction ₹8,000 crore ₹14,000 crore ₹11,000 crore IV.Devolvement on Primary Dealers

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/970